Designated Foreign Subsidiary definition

Designated Foreign Subsidiary means each Wholly Owned Subsidiary which is a Foreign Subsidiary and is organized or incorporated in a Borrowing Base Jurisdiction.

Designated Foreign Subsidiary means an Affiliate organized under the laws of any jurisdiction or country other than the United States of America that may be designated by the Board or the Committee from time to time.

Designated Foreign Subsidiary means any Foreign Subsidiary, individually, and in the aggregate with other Foreign Subsidiaries, which owns personal property and assets, in each case determined as of the most recent fiscal year end, in an amount less than ten percent (10.0%) of all of the personal property and assets of the Company.

Examples of Designated Foreign Subsidiary in a sentence

• The terms of each Non-Statutory Plan shall take precedence over other provisions in this Plan document in respect of any Designated Foreign Subsidiary participating therein, with the exception of Sections 11 and 17 with respect to the total number of Shares available to be offered under the Plan and all Non-Statutory Plans.

• Any person who is an Employee of a Designated Foreign Subsidiary as of the Offering Date of a given Offering Period, or such later date established by the Administration Committee in respect of a given Offering Period, shall be eligible to participate in such Offering Period under the Non-Statutory Plan in which such Designated Foreign Subsidiary participates, subject to the requirements of Section 5(a).

• Any modification relating to offerings to a particular Designated Foreign Subsidiary will apply only to such Designated Foreign Subsidiary, and will apply equally to all similarly situated employees of such Designated Foreign Subsidiary.

• The authority of the Administration Committee will specifically include, without limitation, the power to make any changes to the Plan with respect to the participation of Employees of any Designated Foreign Subsidiary when the Administration Committee deems such changes to be necessary or appropriate to achieve a desired tax treatment in such foreign jurisdiction or to comply with the laws applicable to such Designated Foreign Subsidiary.

• The Administrative Agent will promptly notify the Lenders of any such termination of a Designated Foreign Subsidiary Borrower’s status.

More Definitions of Designated Foreign Subsidiary

Designated Foreign Subsidiary means any one of Black Construction Corporation, a Guam corporation, Black Micro Corporation, a Northern Marianas corporation, Frontier Xxxxxx Constructores Limitada, a Chilean corporation, Frontier-Xxxxxx Constructors ULC, a Nova Scotian unlimited liability company, and Perini Holding Company Cayman Islands, a Cayman Islands company, and Perini International Corporation, a Cayman Islands corporation, and “Designated Foreign Subsidiaries” means all of such Subsidiaries.

Designated Foreign Subsidiary. Any Designated Subsidiary that is a Foreign Subsidiary.

Designated Foreign Subsidiary means (a) each Foreign Subsidiary Borrower and (b) each Material Foreign Subsidiary.

Designated Foreign Subsidiary the Additional Borrower and each Subsidiary organized under the laws of Germany.

Designated Foreign Subsidiary means each Wholly Owned Subsidiary which is a Material Subsidiary and Foreign Subsidiary and is organized or incorporated in Canada, Germany, the Netherlands or the United Kingdom.

Designated Foreign Subsidiary means any Subsidiary of the Borrower organized in a jurisdiction outside of the United States, set forth on Schedule 3, as such schedule may be amended and supplemented from time to time (either to add new Subsidiaries or to delete existing Subsidiaries from such Schedule) by delivery by the Borrower to the Administrative Agent of a supplement to Schedule 3 (each, a "Designated Foreign Subsidiary"); provided that (i) the aggregate equity investment by the Borrower and its Subsidiaries (other than its Designated Foreign Subsidiaries) in all such Designated Foreign Subsidiaries shall not at any time exceed $5,000,000, and (ii) the aggregate fair market value of assets of all such Designated Foreign Subsidiaries shall not at any time exceed $15,000,000.

Designated Foreign Subsidiary means each non-U.S. Subsidiary that has been designated by the Board or Committee from time to time in its sole discretion as eligible to participate in the Plan, in accordance with Section 7.2 of the U.S. Plan.